With the rise of internet and technology spaces, there more opportunities than ever to earn extra income online, most especially in Nigeria. We will provide you with the legit ways to earn and have a plan B source of income for yourself.
Earning a living with only salary work isn’t enough to survive most especially in Nigeria, the cost of living keeps on increasing on a daily basis.
Getting a plan B to earn more money to your Plan A source of income should be the main focus to leave in an average cost of living in a country like Nigeria.
Whether you’re looking to supplement your full-time job or want to work from home, the online world has something beneficial for everyone. Here are some of the best ways to earn extra income online.
How To Earn Extra Income in Nigeria
Nigeria is the country with the greatest economy in Africa and with an ever-growing GDP; yet the country is plagued by constant inflation rates in the double digits, which has caused the value of the country’s cost of living to plummet.
Furthermore, the dearth of employment opportunities is a significant factor in Nigeria, which is getting a high level of unemployment, which reached an all-time high of 23.1% in the latter half of 2018.
The good news is that even while it’s possible that there aren’t any full-time jobs currently available for you, you can still make your own opportunities making money online with stress free.
Because we don’t want your skills to go to waste, we’ve come up with some simple and fast different methods that you can make money even if you don’t have a job.
You are already on your way to making money online if you have access to a computer and a connection that is active to the Internet. The remaining step is to locate suitable channels that are willing to reward you for your time:
Advantages of Earning Extra Income Online
There are several advantages and disadvantages to earning extra income online. Here are some of the most common ones:
- Flexibility: One of the biggest advantages of earning extra income online is the flexibility it provides. You can often choose your own hours and work from anywhere with an internet connection.
- Low start-up costs: Many online income opportunities require little or no investment, making it an accessible option for people who don’t have a lot of capital to start a business.
- Wide range of options: There are many different ways to earn extra income online, including freelancing, selling products, and taking surveys, among others.
- Scalability: With many online income opportunities, you can scale your earnings as you grow your business or take on more clients.
- Competition: With the rise of the internet, there is a lot of competition for online income opportunities. This can make it difficult to stand out and earn a steady income.
- Uncertainty: Many online income opportunities are not steady or predictable, which can be a disadvantage for those who need a stable source of income.
- Scams: Unfortunately, there are many scams online that claim to offer easy money, but in reality, they only take your money and provide nothing in return. It’s important to do your research and only work with reputable companies.
- Requires discipline and hard work: Earning extra income online often requires discipline and hard work, just like any other job. You need to be dedicated to making it work and be willing to put in the effort.
In conclusion, earning extra income online can be a great way to supplement your income and achieve financial freedom, but it’s important to be aware of the potential challenges and to approach it with caution and due diligence.
Ways to Earn Extra Income Online
- Online tutoring
- Selling products online
- Affiliate marketing
- Online surveys
- Content Creation
Freelancing is a popular option for those who want to work from home and have a specific set of skills. Platforms such as Upwork, Fiverr, and Freelancer provide a marketplace for people to offer their services, ranging from writing and graphic design to virtual assistant work and web development. To get started as a freelancer, simply create a profile and showcase your skills and experience.
Criteria to Start a Freelancing Job
There are several criteria that are typically considered when evaluating a freelancing job. These can include:
- Skills required: Freelancers should have the skills and expertise required to perform the job effectively. This may include specific technical skills, experience with certain tools or platforms, or knowledge of a particular industry or subject matter.
- Project scope: It’s important to understand the scope of the project and what is expected of the freelancer. This may include specific deliverables, deadlines, and budget constraints.
- Communication: Effective communication is crucial in any freelancing relationship. This includes the ability to clearly communicate project expectations and progress, as well as the ability to address any issues or concerns in a timely manner.
- Payment terms: Freelancers should be aware of the payment terms and method for the job, including when payment is due and the amount that will be paid.
- Work conditions: Freelancers should have a clear understanding of the work conditions, including the number of hours required, the preferred method of communication, and any other relevant details.
- Reputation: Freelancers should research the reputation of the client and ensure that they have a positive track record of working with freelancers.
- Contract: It’s important to have a clear and detailed contract that outlines the terms and conditions of the freelancing relationship. This can help to avoid misunderstandings and ensure that both parties are on the same page.
If you’re knowledgeable in a particular subject or have a teaching background, you can offer your services as an online tutor. Platforms such as Tutor.com, VIPKid, and Skooli connect tutors with students from all over the world, allowing you to earn extra income while working from home.
Criteria to Start an Online Tutoring Job
There are a number of factors that may be considered when evaluating candidates for an online tutoring job. Some of the most common criteria include:
- Education and Qualifications: Tutors typically need to have a strong academic background and may be required to hold a bachelor’s degree or higher in the subject they will be teaching.
- Teaching Experience: Prior teaching or tutoring experience can be an asset, as it demonstrates a candidate’s ability to effectively communicate and convey information.
- Technical Skills: Online tutors should be proficient with technology, including video conferencing software and digital tools for sharing and annotating materials.
- Communication Skills: Strong verbal and written communication skills are essential for online tutors, as they will be communicating with students and parents primarily through video calls, chat, and email.
- Adaptability: Online tutoring requires the ability to adapt to different learning styles and adjust lessons as needed to meet the needs of individual students.
- Patience and Empathy: Tutors should be patient and understanding and be able to maintain a positive and supportive attitude in the face of challenges.
- Subject Matter Expertise: Tutors should have a deep understanding of the subject they are teaching and be able to explain complex concepts in simple terms.
- Availability: Online tutors should be available during the hours that students need help, which may include evenings and weekends.
It’s also worth noting that some tutoring companies may have additional requirements, such as undergoing a background check or completing a certification process.
Selling Products Online
Online marketplaces such as Amazon, IAELimited, Jiji, Shopify and eBay provide a platform for you to sell your products. Whether you make handmade goods, have a collection of vintage items, or want to sell excess items you no longer need, online marketplaces make it easy for you to reach a large audience.
Criteria to Start Selling Products Online
If you’re looking to start selling products online, there are several key factors to consider:
- Product Selection: Choose products that you are knowledgeable about, passionate about, and that have a high demand in the market. Consider factors like the target audience, competition, and profit margins when making your product selection.
- Legal Requirements: Make sure that you are aware of any legal requirements for selling products online, including obtaining any necessary licenses, registering for taxes, and following regulations regarding product labeling and advertising.
- Online Platform: Choose an online platform to sell your products on. This could be an e-commerce website, an online marketplace like Amazon or Etsy, or a social media platform like Facebook or Instagram.
- Payment Processing: Establish a method for processing payments from customers, such as a payment gateway like PayPal or Stripe. Make sure that you have a secure and reliable system in place for accepting payments.
- Shipping and Logistics: Consider how you will handle shipping and logistics, including how you will package and ship products, how you will manage orders and returns, and how you will track and manage inventory.
- Marketing and Promotion: Develop a marketing and promotion strategy to reach potential customers and generate sales. This could include SEO optimization, social media advertising, email marketing, or influencer marketing.
- Customer Service: Provide excellent customer service to build trust and loyalty with customers. This could include responding to customer inquiries, providing product information and support, and handling returns and refunds.
- Data Management: Keep track of sales and customer data to make informed business decisions. This could include using tools like spreadsheets, customer relationship management (CRM) software, or analytics software.
By considering these factors and planning carefully, you can set yourself up for success when starting a business selling products online.
Affiliate marketing involves promoting a product or service and earning a commission for each sale made through your unique affiliate link.
Many companies, such as Amazon and Commission Junction, offer affiliate programs that allow you to earn money by promoting their products.
Criteria to Start Affiliate Marketing
To start affiliate marketing, you will need to meet the following criteria:
- A website or platform: To promote affiliate products, you need a website or platform where you can publish content and promote affiliate products. A blog, YouTube channel, or social media account are all potential options.
- Traffic: You need to have an audience to promote affiliate products to. Without traffic, you won’t have anyone to buy the products you promote.
- Niche: It’s important to choose a niche that you are passionate about and that has a large audience. This way, you can create high-quality content that your audience will enjoy and find useful.
- Affiliate programs: Find affiliate programs that offer products or services in your niche. Some popular affiliate networks include Amazon Associates, Commission Junction, ShareASale, and ClickBank.
- Knowledge of the niche: To succeed in affiliate marketing, you need to have a deep understanding of your niche and the products you are promoting. This will help you create better content and make more informed decisions about which products to promote.
- Marketing skills: You need to be able to effectively market the products you are promoting. This includes knowing how to write compelling product descriptions, create eye-catching graphics, and drive traffic to your website.
- Patience: Affiliate marketing can take time to see results, so it’s important to be patient and persistent. Keep creating high-quality content and promoting products, and eventually, you will see a return on your investment of time and effort.
Online survey websites, such as Survey Junkie and Swagbucks, pay you for your opinions. Simply sign up for a free account, complete surveys, and earn money in your spare time.
Criteria to Start Online Surveys
To start online surveys, you will need to consider the following criteria:
- Purpose and Objectives: Clearly define the purpose and objectives of the survey. This will help you determine the type of survey you want to conduct, the target audience, and the questions you want to ask.
- Target audience: Identify the target audience for the survey, such as customers, employees, or the general public. This will help you determine the best platform to use for your survey and the type of questions to ask.
- Survey platform: Choose a survey platform that best fits your needs and budget. Some popular options include Google Forms, SurveyMonkey, and Qualtrics.
- Question design: Design clear and concise questions that are relevant to the purpose of your survey. Avoid leading questions and make sure the questions are easy to understand.
- Sample size: Determine the sample size you need to get statistically significant results. The larger the sample size, the more accurate the results will be.
- Data collection and analysis: Decide how you will collect and analyze the data from the survey. You can choose to collect the data manually or use software to automate the process.
- Ethics: Make sure that you adhere to ethical standards when conducting your survey, such as obtaining informed consent from participants, ensuring anonymity, and protecting the confidentiality of the data.
By considering these criteria, you can ensure that your online survey is effective and reliable in achieving your desired outcomes.
Dropshipping is a business model where you sell products without having to store or handle any inventory. You simply partner with a supplier who handles the shipping and fulfillment of the products, and you earn a profit on each sale.
Criteria to Start Dropshipping Business
Starting a dropshipping business requires a few key considerations. Here are some of the most important criteria to consider:
- Niche selection: Choose a niche or product category that you’re interested in or have knowledge about. It’s also important to consider if the niche has a large enough market and if there’s enough demand for the products you plan to sell.
- Market research: Research the market to determine if there’s enough demand for your products, as well as what kind of competition you’ll be facing. You can use tools like Google Trends and Amazon to research your niche and see what products are popular.
- Supplier selection: Find a reputable supplier that offers the products you want to sell. Make sure the supplier has a good reputation and offers fast and reliable shipping.
- Shopify store setup: Set up an e-commerce store using a platform like Shopify or WooCommerce. This platform allows you to easily manage your inventory, process orders, and handle payments.
- Marketing: Develop a marketing plan to promote your products and attract customers. This could include things like search engine optimization (SEO), social media marketing, and paid advertising.
- Customer support: Provide excellent customer support to ensure a positive customer experience and encourage repeat business.
- Finances: Have enough start-up capital to cover the costs of setting up your store, marketing, and other expenses.
It’s important to remember that starting a dropshipping business requires hard work, patience, and perseverance. However, with the right planning and execution, it can be a rewarding and profitable venture.
Content creation is the process of producing and publishing original and valuable content that is meant to inform, educate, entertain, or engage an audience. The content can take various forms, such as articles, blog posts, videos, podcasts, infographics, and more.
The purpose of content creation is to establish a brand’s expertise and authority, build a relationship with its audience, and drive traffic to a website. Good content can also help improve search engine rankings and increase engagement on social media.
Criteria to Start Dropshipping Business
To create effective content, you need to follow some key steps of Criteria:
- Define your target audience: Understanding your target audience will help you determine what kind of content they’re interested in and what type of content will be most effective in reaching them.
- Choose a topic: Select a topic that is relevant to your audience and aligns with your business goals.
- Research: Gather information on your topic to ensure that your content is accurate and up to date.
- Plan your content: Determine the structure and format of your content, such as the length, tone, and type of media you’ll use.
- Write your content: Write clear and compelling content that engages your audience and provides value.
- Edit and refine: Review your content for grammar and style and make any necessary changes to improve it.
- Publish and promote: Share your content on your website and on social media and consider using paid promotion or SEO techniques to reach a wider audience.
Content creation is an ongoing process that requires consistent effort and creativity. However, the benefits of producing quality content are well worth the investment, as it can help you build your brand, establish your authority, and engage with your audience.
Vlogging is the type of blog in which video serves as the medium instead of text or images, others call it video log, or vlog. Vlog posts frequently include supplementary text, photos, and other forms of metadata, in addition to an embedded video (or a link to a video).
You have the option of recording each entry in a single take or splitting it up into several portions. On the site for sharing videos like, YouTube, the Vlog platform is quite popular.
The term “vlogging” refers to video blogging, which has rapidly grown in popularity over the past few years to become one of the most widely practiced kinds of online entertainment.
It is a widely held belief that, in addition to being entertaining, video blogs, as opposed to written blogs, are better equipped to offer profound context through the use of visuals.
In addition, video blogs (also known as vlogs) frequently make use of web syndication, which makes it possible to distribute videos over the internet by utilizing either the RSS or Atom syndication formats.
This allows for the videos to be automatically aggregated and played back on mobile devices as well as personal computers (see video podcast).
How to Earn in Vlogging
You have every chance to make money through vlogging, regardless of whether you have already started your first vlog or are just beginning the process of looking for a subject to create a vlog about.
The value of the video industry around the world continues to slowly increase each year, and it is anticipated that it will reach 842 billion U.S. dollars by the year 2022. Our current era is one in which videos-on-demand, also known as VODs, function exceptionally well.
Consequently, coming to the conclusion that you will begin vlogging or selling films online today is most certainly a smart option. 
We will demonstrate to you both tried-and-true strategies as well as novel concepts for making money through video blogging; some of these strategies are still relatively untouched, which may come as a surprise to you.
Types of Vlogging Income
If you have recently learned about video blogging, you might be curious about how some individuals are able to monetize their channels and make a living off of it.
Perhaps you are familiar with the ways in which bloggers, which are sometimes considered to be the professional cousins of vloggers, make money online.
Paid advertisements, sponsored content, and affiliate marketing are three of the most prevalent ways that bloggers generate cash from their blogs.
When it comes to selling on YouTube, things aren’t all that different from what you may expect. In this section, we’ll take a cursory look at some of the most common approaches that vloggers take to monetize their content.
How to Monetize Vlogs
- Sponsored or paid posts
- Affiliate links
- Selling merchandise
Sponsored or Paid Posts
Video content that is ordered by a company with the intention of promoting a brand or service is referred to as a sponsored post.
In this circumstance, both you and your vlog serve the role of influencers, promoting a certain brand to the viewers of your channel.
Depending on the firm and the product(s) or money you want, the advantage you receive could come in the form of either one or both.
Product review videos are one of the most popular video formats for vloggers to use when it comes to creating sponsored content.
However, there is a significant “but” in this sentence. Before businesses will be interested in providing you with sponsorship, you will first need to build up a sizeable audience for your event.
When you have a sizeable following (at least 5,000 to 10,000 viewers), you should make an effort to form relationships with brands that are a good fit for the material you provide and that your audience may be interested in.
You can also show potential consumers your topic by joining platforms such as Famebit. To summarize, sponsored posts may be the form of revenue generated through vlogging that is the most lucrative and, hence, the most sought, but they are also the type of income that is the most difficult to attain.
In order to start making money off of your Vlogs, you need to have a minimum of some criteria like number of followers, engagements, impressions, watch hours and lots more over the course of the previous year.
After that, you’ll be able to start displaying advertisements in your videos by applying for any medium of advertisement you want to use for your vlog, you can use AdSense or the ads medium your vlog platform is using.
When your vlog platform has finished reviewing and approving your channel, you will be able to start displaying advertisements on your videos and earning money whenever viewers click on those advertisements.
Affiliate sponsorships are easier to acquire, but sponsored postings typically bring in more money overall. The following is a list of the steps that you need to perform in order to become an affiliate marketer:
Look for businesses or items that you are interested in promoting and submit an application to join their affiliate networks. You also have the option of signing up for the Amazon Associates program in order to market the things that you already own, such as audio and video recording gear.
Obtain one-of-a-kind affiliate links that may be used by your audience to receive discounts and/or provide you with a set percentage of the sale when they make a purchase using those links.
Include affiliate links somewhere in the video description, within the actual video, or in another location. Mention the link in the video, and encourage viewers to click it to either take advantage of the promotional deal or simply view additional information on the product.
If a viewer makes a purchase after clicking on one of your links, you will receive a commission. You can easily earn some additional income by including affiliate links to products related to your field of expertise in the description of your videos.
For instance, if you are a photographer and the majority of your vlogs are tutorials on various photography techniques and equipment, you can easily earn some additional income.
Your own personal video blog can be an excellent promotional platform for your own items as well as aesthetically pleasing features such as logos and icons.
You might, for instance, talk about cooking or maintaining a healthy diet on your video blog. In this scenario, the product that you promote may be your own cookbook, a diet plan that you have established on your own, or even some home-made goods that you would like to sell.
If you have a dedicated following, you may be able to monetize your popularity by peddling mementos like as t-shirts, totes, water bottles, keychains, and other items of swag that bear your name, brand, or other distinguishing characteristics.
Writing, photography, and other forms of media that are self-published on the internet are referred to as blogs. It’s almost the same with content creation but it has different methods and how to earn from it.
Blogging was initially conceived as a platform on which individuals may publish entries in the form of diaries; but, in recent years, many companies have integrated blogging into their websites.
Blogging can be a great way to earn money, but it requires hard work and persistence. Here are some ways to monetize your blog:
- Advertisements: You can display ads on your blog and earn money through pay-per-click programs such as Google AdSense.
- Affiliate marketing: You can earn a commission by promoting other people’s products on your blog.
- Sponsored posts: You can write posts on behalf of companies and get paid for it.
- Selling digital products: You can sell e-books, courses, and other digital products related to your niche.
- Offering services: You can offer services such as consulting, coaching, or design work to your readers.
It is important to remember that monetizing a blog takes time and requires you to consistently create high-quality content that your audience loves. Additionally, it’s important to have a clear understanding of your target audience and to focus on providing value to them.
There are numerous ways to earn extra income online, and the options are endless. Whether you want to work from home, have a specific set of skills, or are looking for a flexible schedule, the online world provides opportunities for everyone.
By taking advantage of these opportunities, you can boost your finances and achieve financial stability. In case you missed it, we recently made a post about how to get and use AfriGo Card Nigeria. It’s a new card introduced by the central bank of Nigeria for international transactions.References